Yes of course

(Though according to the IFS it’s 200k - “Someone just about in the top 1 per cent of income tax payers, on £200,000 …”. But it’s much lower than most people think.)

But the point is that a knee jerk “rich people can all f**k off, good riddance” is rather undeveloped thinking. The Treasury rather relies on rich people. Yet another example of the wisdom of Blair and Mandelson.

Posted By: Old Git, Jan 8, 13:14:54